
Cheap Apartments for Rent in Olmsted Falls, OH from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Olmsted Falls.


Olmsted Falls Village Apt - SPO Properties

Mill Stream Run

Westbury Apartments

The Acadian Apartments

Victoria Plaza

355 S Rocky River Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Jamestown Village Apartments

Northern View Villas

Hamilton House

Great Northern Village

121 W Bagley Rd

Bella Vista Apartments

300 West St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Olmsted Falls

Sheldon Park Apartments

Bagely Pointe

Tower In The Park

740-750 Prospect St

Berea West

Bridlewood Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

22081 River Oaks Dr

Integrity Berea Apartments
Olmsted Falls, OH Local Guide

How much does it cost to rent an apartment in Olmsted Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olmsted Falls Studio Apartments | $1,948 | $1,858 | $2,039 |
| Olmsted Falls 1 Bedroom Apartments | $1,314 | $890 | $1,820 |
| Olmsted Falls 2 Bedroom Apartments | $1,486 | $1,000 | $2,319 |
| Olmsted Falls 3 Bedroom Apartments | $1,797 | $1,392 | $2,560 |
| Olmsted Falls 4 Bedroom Apartments | $5,341 | $5,341 | $5,341 |
Browse Top Apartments in Olmsted Falls
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Olmsted Falls, OH Local Guide
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Cheapest Available Olmsted Falls Apartments for Rent and Nearby
 The cheapest available apartment rental in Olmsted Falls, OH is a 1 Bed unit found at Mill Stream Run in the Downtown Berea neighborhood priced from $890. Fawn Lake Apartments in the Woodgate Farms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $930. Here is today’s list of the most affordable Olmsted Falls apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Stream Run | One Bedroom | 1BR,1BA | $890 |
| Fawn Lake Apartments | 1 Bed 1 Bath Southside | 1BR,1BA | $930 |
| The Acadian Apartments | 1 Bed / 1 Bath FT | 1BR,1BA | $995 |
| Westbury Apartments | 1BD | 1BR,1BA | $1,020 |
| Northern View Villas | Large Two Bedroom Suite | 2BR,1BA | $1,085 |
Best Value Apartments for Rent in Olmsted Falls, OH and Nearby
As of June 14, 2026 the best value apartment in the Olmsted Falls area is the $1.36 price per square foot 3 Bedroom 1 Bath Renovated Model at Olmsted Falls Village Apt - SPO Properties in the in the Downtown Berea neighborhood starting from $1,698. The second greatest value Olmsted Falls apartment is the 3 BR/2 BA Model at The Kingston of North Olmsted starting at $1,950 with a $1.63 price per square foot in the Riverside neighborhood. Here is today’s list of the best values for Olmsted Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Olmsted Falls Village Apt - SPO Properties | 3 Bedroom 1 Bath Renovated | 3BR,1BA | $1.36 |
| The Kingston of North Olmsted | 3 BR/2 BA | 3BR,2BA | $1.63 |
| Westbury Apartments | 3RE | 3BR,1.5BA | $1.55 |
| Stone Ridge Apartments | The Avalon | 1BR,1BA | $1.32 |
| Oakwood Apartments | One Bedroom Ranch Vaulted | 1BR,1BA | $1.73 |
| Northern View Villas | Large Two Bedroom Suite | 2BR,1BA | $1.45 |
| Jamestown Village Apartments | One Bedroom One Bath Luxury | 1BR,1BA | $1.81 |
| The Acadian Apartments | 1 Bed / 1 Bath FT | 1BR,1BA | $1.53 |
| Fawn Lake Apartments | 1 Bed 1 Bath Southside | 1BR,1BA | $1.50 |
| Mill Stream Run | One Bedroom | 1BR,1BA | $1.56 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleLocal Expert's Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Learn About the Best Neighborhoods to Rent Near College Campuses in Cleveland, OH | Find Cleveland Off-Campus Student Housing
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Olmsted Falls, OH
Olmsted Falls High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Olmsted Falls, OH Rentals by Map
See the most popular apartments and homes in Olmsted Falls, OH
Frequently Asked Questions about Cheap Olmsted Falls Apartments
How much is rent for a Cheap One Bedroom Olmsted Falls Apartment?
The lowest price for a Cheap One Bedroom Olmsted Falls Apartment is $890 at Mill Stream Run.
What is the lowest price for a Cheap Two Bedroom Olmsted Falls Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olmsted Falls is starting from $1,000 at Mill Stream Run.
What is the most affordable Olmsted Falls Three Bedroom Apartment?
The best deal on a cheap Olmsted Falls Three Bedroom Apartment rental is at Westbury Apartments and starts from $1,583.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Written by: Sandy Baker
Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Written by: Sandy Baker
If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture
Written by: Sandy Baker
Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.